real estate

Some of the Best Places to Invest in Real Estate in Canada

Both locals and foreign investors are interested in properties in the Great White North since Canada has one of the world’s hottest real estate markets. Indeed, it is the nation of opportunity, whether you’re seeking for a place to call home or want to make a lot of money on an investment property. That said, there are lucrative real estate investment options in a lot of places, big and small.

The Top Places to Invest in Real Estate

Ready to purchase a home? Consider some of the undiscovered beauties outside of Toronto and Vancouver now. The finest Canadian real estate investment locations are listed below.

1. Calgary, AB

Calgary, Canada’s fourth-largest city, offers all the benefits of urban living for a fraction of the price of major cities like Toronto and Vancouver. Since it is in the centre of the prairies, it also offers all the conveniences that come with living next to the Rocky Mountains. Less than 90 minutes separate you from a ski vacation or a beautiful trek in Banff.

Calgary is one of the few large cities in Canada where a dollar still buys a lot of square footage. One of the least expensive urban areas in the nation, it has a population of over 1.4 million and an average property price of under $500,000.

2. Halifax, NS

A mid-sized Canadian city, Halifax has around 500,000 residents. It is a major fishing and transportation hub and the provincial capital of Nova Scotia.

As a matter of fact, if you like fishing, sailing, windsurfing, paddleboarding, or other outdoor activities, Nova Scotia is one of Canada’s most picturesque regions.

Halifax combines the conveniences of a big Canadian city with the small-town charm of a seaside community. It’s one of the least expensive places in the nation to buy a house, but it still has a lot of room for a price increase.

3. Hamilton, ON

Although Hamilton has typically been thought of as a faraway suburb of Toronto, it is now emerging as one of the most popular areas in the province. More individuals are selecting it as a place to live and work rather than just commuting from Toronto, thanks to its 812,528 residents, robust job market, and bustling restaurant and retail scenes. In addition to being the world’s waterfall capital, Hamilton has a ton of hiking and biking routes for locals to enjoy the great outdoors.

Many people opt for Hamilton to stay close to the big city, living on a budget since housing costs are still more than 1/3 lower than in Toronto. The city is expanding rapidly and is an excellent spot to settle down and launch a family or a business. If you do start to miss the Toronto skyline, you can drive there in just over an hour.

4. Kelowna, BC

One of Canada’s most picturesque cities, Kelowna is a favourite travel destination. On the eastern side of Okanagan Lake, it is tucked away in the interior of British Columbia. It gives off the Californian vibe in the Great White North because of the mild climate and palm trees. Despite having 143,000 residents, the city receives approximately 2 million visitors annually.

It is also the ideal destination for a vacation, retirement, or starting a family. In all of Canada, this may be your greatest option if you’re seeking for a home for your own use or as an investment to list on Airbnb.

5. Ottawa, ON

Over a million people call Ottawa, the country’s capital, home. The city is not only lovely and has a fascinating past, but it is also accessible by foot, reasonably priced, and great for families. It is a city with a robust economy, high wages, outdoor markets, museums, and lots of parks.

Ottawa is unrivalled if you love history or just want a beautiful setting to raise a family.

Despite its size, location, and significance, it continues to be one of Canada’s most inexpensive cities. You can live in Ontario without paying the high cost of living in Toronto as long as housing costs are still below average in Canada.


If you’re looking to invest in real estate in Canada, some of the best places to consider are Calgary, Halifax, Hamilton, Kelowna, and Ottawa. These cities offer a variety of opportunities for investors, whether you’re looking for income potential, appreciation potential, or a combination of the two.

Of course, as with any investment, risks are always involved, so be sure to do your research and consult a professional before making any decisions.

If you are looking for a reliable company that provides mortgage services in Ottawa, look no further than our expertise here at Ottawa Mortgage Services. We offer mortgage agent services for first-time home buyers, self-employed individuals, and commercial clients. We also help with refinancing, pre-approvals, and debt consolidation. Call us today, and let us discuss all your viable mortgage options.


What You Should Know Before Applying For Mortgage

Rites of passage play an essential role in the lives of individuals and cultures. They help to mark the transition from one stage to another and signify the individual’s new status and responsibilities. In many cultures, there are specific rites of passage for each stage of life, from birth to adulthood. Rites of passage can help individuals and cultures to feel a sense of connection and continuity and can be a source of strength and support during times of change.

In western culture, purchasing our house signifies that we are adults because a home is a big responsibility and requires a lot of work to maintain. For many people, owning a house is a significant milestone. It shows they can handle a lot of responsibility and are ready to settle down.

If you plan to take on that new phase of your life, there are a few things you need to consider before avail of Ottawa mortgage services. The following are essential elements of the entire house-purchasing process.


Your credit score is critical in determining your ability to get a loan. Lenders use credit scores to assess risk and determine whether or not to extend credit. A high credit score indicates a low risk of default and is more likely to result in a loan offer. On the other hand, a low credit score indicates a higher risk of default and is less likely to result in a loan offer.

The mortgage company will use this to determine whether they approve the mortgage. Ottawa mortgage services providers will closely examine your credit score and history before releasing the money.

You can do some things to ensure your credit score is in good shape before shopping for a mortgage. First, check your credit report for any errors. If you find any, dispute them with the credit bureau.

Next, start paying down your debts. The lower your debt-to-income ratio, the better your chances of being approved for a mortgage. Finally, only apply for new credit cards or loans after applying for a mortgage. It could lead to rigid scrutiny of your credit, temporarily lowering your score.

Pay Your Debt as Quickly as Possible

If you have bad debt or are behind on any payments, your credit score will be lower. It is because your credit score is based on your credit history, and if you have any late fees or outstanding debt, it will reflect negatively on your score.

You first apply for a mortgage if you want to purchase a home. But before you do that, paying off your debt as quickly as possible is critical.

There are some excellent reasons why this is necessary. First, your mortgage will be more affordable if you have less debt. Second, paying off your debt will improve your credit score, lowering your interest rate and saving you a significant amount of money over your loan.


Before you begin searching for Ottawa mortgage services, you must understand the basics of mortgages and the available mortgage products. You should also be aware of the different mortgage terms, and conditions lenders offer. Most importantly, you should take a closer look at your credit to see if you can avail of the best offer in the market.

If you have done your homework, you should immediately talk to Ottawa Mortgage Services. As a financial institution, we offer the best deal in Ottawa mortgage services, so you can reach your potential without breaking the bank. So, contact us now for the requirements.

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7 Things to Avoid after Getting Your Mortgage Pre-approved

Having your own home is a dream come true for many people because it’s a place where you can relax and feel comfortable, knowing it’s all yours. For this reason, all prospective homeowners take their time looking for the perfect home. However, not everyone can afford to pay for a house out of pocket, so getting a mortgage is the next best thing.

Borrowing a mortgage involves applying for a loan from a bank or other lending institution and making monthly payments until it’s paid off. However, a crucial part of the mortgage application process is pre-approval, which makes things easier because it gives you an estimate of how much you can afford to borrow. It also speeds up the process by letting sellers know you’re serious. However, getting pre-approved isn’t always smooth sailing from there because you must still be careful and avoid certain things, such as:

#1 – Applying for New Credit

Keeping your credit history pristine when going through the mortgage application process is essential. This means you shouldn’t apply for new credit cards or loans during this time because it can negatively affect your credit score and make it harder to get approved for a mortgage.

#2 – Missing Your Credit Payments

You must also ensure you’re current on your credit card and loan payments because missing even a single payment can harm your credit score. So if you’re struggling to make ends meet, it might be best to put off the mortgage application process until you’re in a better financial situation.

For example, if you have a car loan and miss one payment, your credit score could drop by 100 points or more. So if you’re already on the edge of qualifying for a mortgage, one missed payment could push you over the edge and make it impossible to get approved.

#3 – Applying for Too Much Credit

Just as you should avoid missing your credit payments, you should also avoid applying for too much credit. Excess credit can make it seem like you’re struggling to keep up with your debts and make it difficult to qualify for a mortgage.

For example, if you have a credit card with a $5,000 limit and carry a balance of $4,500, that’s a high credit utilization ratio, which could hurt your credit score. So if you’re planning to apply for a mortgage, it might be best to pay down your credit card balances before you start the application process.

#4 – Leaving or Switching Your Job

Whenever you change your job, it raises a red flag for lenders. That’s because a change in your employment status can make it harder to prove your income and make it more challenging to qualify for a mortgage.

If you’re planning to change jobs, it’s best to wait until after you’ve closed your mortgage. If you must change careers, inform your lender as soon as possible because they may require additional documentation to verify your income.

#5 – Making Big Purchases

You may be excited to buy a new car or take a vacation, but it’s best to avoid making large purchases before you close on your mortgage. Any large purchase will likely require a hard credit pull, which can lower your credit score. A lower score can make it more challenging to qualify for a mortgage.

#6 – Failure to Keep Records

You’ll need to provide your lender with a lot of documentation, so keeping records is vital. This includes your bank statements, tax returns, pay stubs, and other documentation verifying your income. You must keep copies of everything and don’t open any new lines of credit until after your loan closes.

#7 – Not Complying with Your Lender’s Requests

Your loan officer will send you a list of documents to provide, and you must provide everything they ask for. Don’t assume that information you provided in the past will still be on file, especially if it has been more than a year since you applied. It could slow down or even stop the loan process if you don’t provide all the documentation.


A mortgage pre-approval is an excellent way to get a head start on home buying. However, there are several things you may unknowingly do that may compromise your pre-approval or your ability to get a loan. For this reason, you must work with a reputable loan officer and understand the process and your role.

If you’re looking for mortgage agents in Ottawa, Ottawa Mortgage Services can help you! We understand that buying a home is never easy, so we’re here to help you every step of the way to get you closer to your dream home. Visit our website today and apply now!


Top Reasons to Move to Ottawa

Ottawa has been Canada’s capital since 1857 when Queen Victoria declared it so. It has been consistently rated as one of the safest places in the whole world to live in and certainly one of the best places in the Great White North to live in.

Situated on the shores of Lake Ontario, Hamilton is a gorgeous city with a lot to offer. From its stunning waterfalls to its bustling downtown core, there is something for everyone in Hamilton.

Ottawa is a great place to live for many reasons. It is a clean and safe city with many opportunities for families and individuals. There is a lot that you can do in Ottawa, and it is more than a suitable place to raise a family. The cost of living is also very reasonable, and there are many options for housing.

In case you are not convinced yet, here our trusted mortgage agent in Ottawa shares the top reasons moving to Ottawa is the best move for you:

World-Class Transportation

If you’re looking for a world-class city with excellent transportation, look no further than Ottawa! The Canadian capital is home to a world-class airport, light rail system, and bus network. With so many options, getting around Ottawa is a breeze.


Ottawa is one of the most diverse cities in Canada, and that is one of the things that makes it such a great place to live. In fact, over one-quarter of Ottawa’s population is made up of immigrants. This diversity is reflected in the city’s food, culture, and events. There is something for everyone in Ottawa, no matter what your background.

Economic Opportunity

Ottawa is an exceptional place to live in if you are searching for economic opportunity. The city has a strong economy, and its unemployment rate is lower than the national average. Additionally, Ottawa is home to many of Canada’s top employers, including the federal government, high-tech firms, and educational institutions.


Ottawa is a more affordable city than many of its counterparts. While the cost of living has been rising in the past few years, it is still possible to find affordable housing and living expenses in Ottawa. This makes it the best city to live for people of all income levels.


Ottawa is home to some of Canada’s best educational institutions. The city is home to two universities, the University of Ottawa and Carleton University, as well as a number of colleges and other educational institutions. This makes Ottawa a great place to live in if you are looking to further your education.


Ottawa is a safe and welcoming city, and you can feel confident exploring all that it has to offer. The city has low crime rates, and you can take advantage of the many safety resources available to residents. Whether walking, biking, or taking public transit, you can rest assured that Ottawa is a safe place to call home.


If you’re looking for a place to satisfy a foodie’s heart (and stomach), look no further than Ottawa! The city is home to many great restaurants, cafes, and markets, so you’ll be spoilt for choice when it comes to finding somewhere to eat.

There are also several food festivals held in Ottawa throughout the year, so you can sample the city’s best food.


Ottawa is a culturally diverse and vibrant city. There is always something to do, whether it’s exploring the many museums and galleries, catching a show at the National Arts Centre, or enjoying the great outdoors.


If you’re looking for a clean and safe city with a low cost of living, excellent schools, and plenty of job opportunities, then Ottawa is the perfect place. With its many parks and museums, there’s always something to do in Ottawa, and the city is constantly growing and improving. Ottawa is a perfect choice if you’re looking for a place to call home. So when you’re ready, start looking for a company that can provide reliable Ottawa mortgage services and take your first step toward moving to Ottawa!

Ottawa Mortgage Services offers the services of a trusted mortgage agent in Ottawa. Schedule an appointment with our agent today to learn more about our services!


How to Purchase a House in the Current Ottawa Sellers Market

The Ottawa real estate market is currently in a seller’s market. How does one succeed as a buyer in today’s real estate market?

It is challenging and exhausting for buyers to navigate the market when demand exceeds supply and prices rise. It is easy to become overburdened. Even if you lose the next bidding war, learning more about the market will help you find the house of your dreams.

Here are the ways to purchase in the current Ottawa seller’s market:

1. Determine Your Budget

It is no secret that the real estate market in Ottawa is a seller’s market. This means more buyers are looking for houses than houses available. As a result, prices have risen steadily over the last few years, and competition is fierce. 

If you are considering buying a house in the current market, starting by determining your budget is essential. There are several factors to consider when choosing how much you’d afford to spend on a house. The first is your income. 

How much money do you bring in each month after taxes? This will give you a good starting point for how much you can afford to spend on a monthly mortgage.

2. Pre-Approve Your Mortgage

There are many ways to buy a home in today’s competitive housing market, but one golden rule must be followed: get pre-approved for a mortgage before you start looking. Sellers can see your pre-approval by looking at your financial situation and creditworthiness. You can get pre-approval for a mortgage from a bank or mortgage broker, and they will approve you for a certain amount.

A seller will always choose the pre-approved buyer if they choose between two offers with the same price and deposit because they won’t have to worry about financing issues at closing.

3. Prepare to Act Fast

A modern home does not wait for anyone and does not stay on the market for very long. Therefore, be ready to take quick action. This implies that you might need to change your plans to make time for viewings (virtually, if necessary), gather all the required data beforehand, and set aside time to review the specifics before the viewing.

Make sure to finish everything as soon as possible; failing to review and view quickly can lead to a missed opportunity. The seller will always favour a quick thinker. This relates to the earlier statement about being sure of what you want; the time for deliberation is now.

4. Trust a Realtor’s Knowledge

Making a bid on a home in a neighbourhood where you’ll be up against other buyers can be stressful, especially if you’re a first-time buyer. An experienced agent can walk you through the steps and give you the details you need to make an informed offer. They can provide information about the present market and recent asking and selling prices.


It can be challenging to buy a house in a seller’s market, but it’s not impossible, so don’t give up. Although you may initially feel overwhelmed, being well-prepared is the best way to maintain your confidence in the procedure. 

Prepare monetarily, strategically, and intellectually. By doing so, you will feel confident and prepared to make all the right moves to acquire your next residence.

Contact Ottawa Mortgage Services if you require mortgage services in Ottawa to help you become prepared to buy a house. We offer mortgage agent services to first-time homebuyers, guiding you through the complex procedures. Give us a call for more information on our services.